Skip to main content

Posts

Showing posts with the label Accountancy

Financial & Non -Financial Benefits from the Membership of Chamber of Commerce & Industry.

We know every business firm , commerce department, trading venture, and industrial unit always needs, Visibility to stand out and get noticed as an active participant in the society. The eventually prefer to avail growth opportunities through the provision of quality training and educational activities and through different events. They require Credibility through their production activities and services provision, which helps them in building a reputation. The holder of this membership can enjoy and avail members of member discounts to improve their purchasing power and all other offers and benefits as offered from time to time. That also helps them to build their communityNetwork and to make them socially powerful and these professional relationship helping them to get a plate forum that advocates on their behalf. This all means all industrialist, businessmen, and corporate identity holder (Only Owners of the Corporates or in some cases their partners and directors)   must ...

ACCOUNTING CYCLE

Accounting Cycle:                 Accounting is the field of study which tells us about how to collect the economic figures, evaluate and analyze them and  record them  in a very respectable and professional way to present to the business stakeholders and helps them to collect the required information from the pool of business transactions. That is an art and we also knows it with the name of book keeping. As I write in the above paragraph accounting of business financial transactions is an art of collection, evaluation, analyzing, recording and presenting to the business management and stakeholders. That complete process is based on some steps of activates which are commonly known as accounting cycle. That Accounting Cycle is consist of 7 different steps  which are Source Data, Journal, Ledger, Trial Balance, Adjustment, Closing Accountings and Stock Valuation and Preparation of Fina...

Financial Management in Dynamic Business Cultural:

Financial Management in Dynamic Business Cultural: Everyone knows that cultural is the name of change and the culture is not always being same its changes with the passage of time and the word Dynamic means the motive to change. If we put this all in the Business Cultural we can say that every business culture is not same it changes with the passage of time. The Dynamic Business Cultural is cultural which gives motivation to the business key stakeholders to move towards their goals and targets in a motivated fast way. Financial Management is the key part of a business organization. The Financial management team responsible to make the decisions about future business investment. They are also working as goalkeepers for the business to rescue the business capital and all the investment in other projects. Now the business market is too much dynamic and that affects the working roles of every business department. We have many examples in our surrounding which shows that th...